All Forum Posts by: Zachery Highfield

I hope everyone is well! I was curious to see how I could go about setting up this company I have in mind. There are 3 partners. 2 partners with an MLO, and real estate license. We also have a partner with a GC license. The primary goal is to flip properties until we hit a certain level of cash. Once we hit that level we will start developing land. For all of the projects we will be using our GC's company for the repairs. They will be doing all of the renovations at a whole sale price. How would you go about structuring the company? How would you determine each persons percentage of payout they should receive? The other 2 partners would be writing the loans and selling the properties, finding deals, and bringing a majority of the cash to the table.

 Awesome I appreciate the knowledge and insight!

 Yes that is the plan!

Hey I hope everyone is good! I am very curious to see if anyone out there can help me access some equity in my duplex. This is my first time doing it and these are the issues I have ran into so far, if anyone has any advice or services to offer I would love the help!

1. Won't lend on the whole duplex because my primary residence is only for half of the property.

2. They do not like my AIRBNB income

3. Then a couple of the banks would not touch it because it is a multi - family property, and the only work with single family.

Has anyone in here developed their own trailer park?

I appreciate that more to come!

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $760,000

It is a Duplex located in downtown Charleston, Sc.

What made you interested in investing in this type of deal?

The more units meant more streams of income, and also the location had lots of construction going on before I bought the property.

How did you find this deal and how did you negotiate it?

It was my 2nd ever home I was walking through, the numbers and the property made sense

How did you finance this deal?

Va loan

How did you add value to the deal?

redid the whole entire landsacpe and backyard. ( the property came turn-key ready)

What was the outcome?

Very good cash flow and appreciation in the property.

Lessons learned? Challenges?

As funny as it sounds I learned how to turn on the utilities and water of the property! I found out when the tenants began calling me that their stuff was not working!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Sweetwater Capital, and Giovanna Richards helped me out! They are awesome!